Today, innovations in food packaging technologies continue to disrupt with the changes in consumer behavior. According to the United Nations (UN), the world’s urban population is about 55% in 2018 and is anticipated to reach 68% by 2050. This urbanization driving the changes in the lifestyle are influencing consumers’ desires for convenience foods, mild processed food, and go-to meals are the cornerstone to the food packaging technology market. The advancements in the food packaging technology and equipment market are boasting basic demands such as enhancing the shelf-life of the product along with optimizing and preserving food quality. Along with that, these innovations in food packaging techniques are gearing up to fulfill the customers’ needs as per the evolving digital trends. As a result, the food packaging technology and equipment market collectively have attained a value of $41.36 billion in 2018. Furthermore, the growth of this market is anticipated to upturn with a CAGR of 6.8% during the forecast period 2019-2025.
Intelligent Packaging Exploring Avenues to Strengthen the Food Supply Chain
In this digital era, intelligent innovations are taking center stage in the packaging industry. Intelligent packaging is rooted to enhance food quality and safety by associating with its package or surroundings. Intelligent packaging adds a cutting-edge function by providing knowledge of the food condition to customer, retailer, and manufacturer. Therefore, it fortifies the entire supply chain of the food industry. Few of these advancements include ripeness monitors, time-temperature regulators, biosensors, and radiofrequency indicators and regulators. For instance, heating and cooling element in temperature regulators of this smart packaging are helpful to preserve food quality and is highly beneficial to young mothers or extreme conditions in military operations. Furthermore, innovations and research activities on this smart packaging in using sensor technology effectively are thriving. For instance, in 2019, researchers from the Department of Biological Systems Engineering (BSE) of the Washington State University developed a sensor to identify if the milk is good or spoiled. The sensor detects the volatile gases or compounds that are produced by the spoiled food and changes color. This enables to identify the spoilage without actually opening the container, and the expiration dates of the packaged food products can be measured with more precision. Besides, the team is working with the food industry to incorporate this sensor in milk bottles and improve the shelf-life and food quality to benefit the entire value chain. Innovations as such are driving the food packaging technology and equipment market demand.
Industry 4.0 Offering Lucrative Opportunities to the Food Packaging Equipment Market
Industry 4.0 has already made its way into the manufacturing facilities along with shipping and packaging supplies. Though trending automation is relatively new in the food packaging industry, the growth is exponentially rising with the rising food chain demands. At present, consumers demand food quality, along with the sustainability. Sustainability is one of the biggest drivers in the packaging industry. Sustainability, coupled with the automation trend, is paving the way to an increased number of robots, drones, and automated guided vehicles (AGVs) in the packaging industry of the food and beverages sector. As the global population reached 7.7 billion, the food industry demand is rising tremendously. This is further driving the manufacturers to work with high efficacy and strict deadlines. Moreover, food packaging robots are incorporated to address the primary, secondary, and tertiary packaging stages. They increase productivity and ensures affordability during the entire process. For instance, the robotic cartooning machine adds efficiency and subtracts labor costs during the packaging operations. Also, they reduce work injuries and strengthen the safety of the workers in food packaging. As a result, industry 4.0 and robotics are boosting the productivity of the food packaging equipment market. Therefore, rising automation is further amplifying the food packaging equipment market growth.
APAC Domineering in the Global Food Packaging Equipment Market
APAC is the dominant region in the global food packaging technology and equipment market and occupied a massive share of 36% in 2018. APAC countries such as India and China, banning plastic imports are predominantly generating awareness among the population and reducing the plastic packaging further. This, in turn, is driving the entire food supply chain towards bio-degradable and eco-friendly food packaging technologies. Furthermore, these countries are working on new packaging standards to boost food trade, shipment, and packaging. Besides, organizations of these countries, along with Singapore, are working on active packaging materials to extend the shelf life of food. Moreover, Asia and Africa are projected to account for 90% of rising global urbanization by 2050. This denotes the growing urban population in APAC countries. The changes in the lifestyle and the consumption of processed foods are boosting the demand for the food packaging technology market in APAC. As a result, the food packaging technology and equipment market together are thriving with huge opportunities in APAC.
Biodegradable Technology Market Is Thriving With Ample Opportunities in the Global Food Packaging Technology Market
In the global food packaging technology industry, the biodegradable technology market is accelerating with a CAGR of 7.5% during the forecast period. Environment and sustainable goals around the world are boosting the demand for the biodegradable technology market. Countries, value chain, and companies are coming together to build a sustainable environment. As part of this, plastic reduction takes a major role to satisfy the sustainable demands of the food industry. As a result, abundant research activities and advancements are observed to find a biodegradable packaging replacement. For instance, in 2019, scientists of Ohio State University combined bioplastic with natural rubber and obtained a sturdier replacement for plastic in the food industry. The end product was far tougher and flexible, making it well-suited for food packaging and aseptic packaging. Furthermore, research activities to understand the potential benefits of biodegradable and environmentally conscious materials are thriving in the food packaging technology market. Consequently, the biodegradable technology market is finding ample opportunities in the food packaging technology market.
Key Players Perspective in the Food Packaging Technology and Equipment Industry
The core companies operating with a major share in the global food packaging technology and equipment market are Robert Bosch, Nichrome India, Adelphi Group, Kaufman Engineered Systems, GEA Group, IMA Group, COESIA Group, Ishida, ARPAC, Multivac, Omori Machinery Company, and Lindquist Machine Corporation.
Ceaseless product launches and acquisitions are reigning in the food packaging technology and equipment market. Few of them include:
Product launch – In Aug 2019, GEA group has planned to launch high-speed vertical packaging machine SmartPacker TwinTube. The launch will take place in Sep 2019 at PACK EXPO in Las Vegas. This redesigned future-proof modular system is promoting ease of use to its customers with greater operational uptime and higher functional efficiency. With its automatic web tracking and reinforced sealing, it enables flexibility with easy labeling and maintenance for the customers in the packaging industry.
Product launch – In 2018, Bosch Packaging Technology, a global leader in supplying technology and services, launched its new packaging solution. Launched at Specialty Coffee Expo 2018, this packaging solution enables the highest output per square foot for ground coffee manufacturers of North America. This cost-effective design consumes less space than usual while reducing material wastage. Furthermore, this compact design simplifies cleaning and maintenance process.
Acquisition – In 2019, Euro Packaging acquired Nicholl Food Packaging, a supplier of food distribution and processing industry majorly in the U.K and the U.S. This acquisition will profit Nicholl’s capability, tooling, and customer portfolio within the sector and furthermore, the company can expand its horizon into the U.K and overseas.
Talk to one of our sales representative about the full report by providing your details in the link below:
A. Fresh Food Packaging Market
B. Packaging Machinery Market
Mr. Venkat Reddy
Email : [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.